US EditionGazprom Seals Binding Deal for Power of Siberia 2 Pipeline to China
The memorandum formalizes a 30-year project to supply 50 billion cubic meters of Russian gas annually to China through Mongolia, enhancing energy ties amid shifting global markets.
- During talks in Beijing, Russian President Vladimir Putin stated that ties between Russia and China are at an 'unprecedented level' as they signed agreements including one for the Power of Siberia 2 pipeline construction.
- Gazprom's head Alexey Miller announced a legally binding memorandum for the Power of Siberia 2 gas pipeline, which will boost Russia's gas supplies to China.
- President Xi Jinping criticized Western nations' bullying behavior and called for a fairer global order during the summit.
- Trade between Russia and China reached $240 billion in 2023, highlighting their deepening partnership since the start of the Ukraine conflict.
260 Articles
260 Articles
Russia, China Sign Pipeline Deal to Expand Energy Partnership - Economy news - Tasnim News Agency
TEHRAN (Tasnim) – Russia and China signed a binding agreement to build a new gas pipeline via Mongolia, advancing energy cooperation during President Vladimir Putin’s visit to Beijing, Gazprom said Tuesday.
Aerospace, Ia, mass media. The Power of Siberia is worth 56 billion cubic meters a year.
The Siberia 2 Force agreement would be in force for 30 years, and the cost of transporting gas through this Chinese-Russian pipeline will be lower than Europe pays.
A gas breakthrough, if it’s not all hot air Russian authorities announce memorandum on Power of Siberia-2 gas pipeline that could reshape Chinese and global markets
During Vladimir Putin’s visit to China, Russia’s delegation reportedly signed 22 documents — a whirlwind of memoranda, protocols, contracts, and agreements that include a potentially “breakthrough” deal on the supply of natural gas. President Putin arrived on August 31 for a four-day official visit, joining a Shanghai Cooperation Organization summit and holding talks with Chinese leader Xi Jinping, Turkish President Recep Erdogan, Slovak Prime M…
Gazprom Shares Tumble After Power of Siberia 2 Deal Announcement
Shares of Russian energy giant Gazprom slumped on Tuesday after it announced that it had signed a “legally binding” memorandum with China to advance construction of the long-delayed Power of Siberia 2 pipeline.
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
